Friday, 11 March 2011
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USDA boosts estimates of corn, soybean supplies
The government predicted Thursday that corn and soybean reserves will be higher than initially estimated, easing some concerns about rising food prices. The U.S. Agriculture Department said there will be about 123.1 million metric tons of corn left over after this year's harvest. That is up from an estimated 122.5 metric tons in last month's report. There should be about 58.3 million metric tons
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